American Riviera Bank’s net income soared in 2016
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSanta Barbara-based American Riviera Bank reported net income of $4.1 million in 2016, or 94 cents per share, up from $1.3 million in 2015, or 48 cents per share, as the acquisition of The Bank of Santa Barbara has paid dividends, the company said. The all-stock transaction, completed in January 2016, created a combined institution Read More →
Heritage Oaks Bancorp beats revenue, income estimates
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesHeritage Oaks Bancorp, the holding company of Paso Robles-based Heritage Oaks Bank, beat analyst estimates in both year-over-year revenue and net income. The bank reported $20.3 million in revenue in 2016, a 12 percent increase from 2015, outpacing analyst expectations by more than $1 million. Net income reached $16.9 million, or 49 cents per diluted Read More →
Fitch gives San Luis Obispo an AA+ credit rating
Central Coast, Latest newsFitch Ratings gave the city of San Luis Obispo an AA+ credit rating on Jan. 27, describing its financial performance as “exceptionally strong.” The city’s revenue growth is expected to exceed the national pace, Fitch said in an independent assessment, and the city’s financial outlook is stable. Fitch said SLO has a “robust financial planning Read More →
InTouch Health to celebrate opening of Goleta headquarters
Health Care & Life Science, Latest newsTelehealth developer InTouch Health will celebrate the grand opening of its new corporate headquarters at 7402 Hollister Ave. in Goleta on Jan. 31. The new facility includes an advanced technology “innovation center” that showcases medical care delivery solutions via robotics and cloud-based networks. InTouch created the world’s first robotic telehealth system shortly after its founding Read More →
Santa Barbara attorney Renee Fairbanks opens new law firm
Latest news, Law & GovermentSanta Barbara attorney Renee Fairbanks recently opened a new law firm, the Law Office of Renee Fairbanks, at 226 E. Canon Perdido St., Ste. F. Fairbanks was formerly a principal of Ehlers & Fairbanks who represents clients in divorce, custody, support and domestic partnerships proceedings on the Central Coast. Fairbanks is on the State Bar Read More →
Europeans recommend approval of Amgen’s biosimilar of AbbVie’s Humira
Health Care & Life Science, Latest news, TechnologyThe European Medicines Agency recommended the approval of the ABP 501, a biosimilar of AbbVie’s Humira (adalimumab), for treatment of inflammatory diseases, Thousand Oaks-based biotech company Amgen announced on Jan. 27. The EMA recommended ABP 501’s use for moderate-to-severe rheumatoid arthritis, psoriatic arthritis, severe ankylosing spondylitis, severe axial spondyloarthritis without radiographic evidence of AS, moderate-to-severe Read More →
PG&E donates to EVC-SLO County to create stronger economy
Central Coast, Latest newsPacific Gas and Electric Co. donated a $25,000 grant to the Economic Vitality Corp. of San Luis Obispo County that aims to help create a strong regional economy. The grant will support the corporation’s countywide Economic Strategy Project that analyzes the local economy and helps business start and expand in an area known for its Read More →
